A 'legal description' of the property is typically required in a real estate sales contract primarily to:
- Identify the property being conveyed with certainty
- Satisfy consideration requirements
- Establish the buyer's legal capacity
- Create an implied warranty of habitability
Show answer & explanation
Identify the property being conveyed with certainty — A definite, unambiguous description of the property is needed so the subject matter of the contract is clearly identified, which courts require in order to enforce the agreement.
Source: PSI National Real Estate Exam Content Outline §7 Contracts